re: Ann: Project Won - $42m Gold Coast Light ... Just came...

re: Ann: Project Won - $42m Gold Coast Light ... Just came across this stock on my screen for ROE/div/relative strength and see it is looking pretty good.

Being a recent IPO makes me a bit nervous though - my experience with IPO's has not been great, with many running into a weak patch a year or two after listing.

Not surprised that RBS Morgans are covering it, since they were lead managers and underwriters for the IPO.

Also see that the founders and partly paid shares were restricted until April 2011. All the PPS are fully paid now, mostly via loans from the company, so may be a few to sell once restriction ends.

Otherwise, seems to value out around the $2.10 mark.

Probably won't be a buyer for this one yet, but will keep it on watch.